Can you get a payday loan on the weekend in Canada?

Yes, some payday lenders make it possible to get payday loans on weekends online. They will approve your loan and fund you on the weekend. When you need money urgently until your next payday, online payday lenders offer quick funding during the week in the form of weekend payday loans, available on Saturday and Sunday 24/7/365.

However, the process of application and cash disbursement might vary from lender to lender. Some direct payday lenders like FundingOwl have processed and deposited those funds instantly through the fastest e-Transfer, no matter what day or time it is. On the other hand, some lenders first discuss with you about your loan which takes time.

What the hack is weekend payday loans online?

Generally, weekend loans are short-term loans or payday loans that you can apply online anytime and receive funds on a weekend. Unlike traditional banks and lenders that are available on weekdays and have strict business timing, many short-term direct lenders fund you with instant payday loans that are deposited on weekends in Canada.

Weekend payday loans typically range between as small as $100 and as large as $1,500, with a loan term of 16 days to 12 months. As compared to any other credit product, the eligibility criteria for a payday loan are very flexible and offered at lenient terms. Some lenders offer payday loans to people with bad credit or no credit history.

While payday loans on weekends are easy to apply for and fast to access funds, they come with steep borrowing costs. Usually, payday loans are offered at higher interest rates, so make sure you can afford them and only apply in case of financial emergencies.

What can I use a weekend payday loan for?

Online weekend payday loans are ideal for covering any emergencies that require money as soon as possible, such as:

  • Financial emergencies like medical bills, urgent car repairs, or home repairs.
  • To cover unexpected expenses or utility bills until your next payday.
  • You need money on weekends, but traditional banks and lenders are closed.

In some cases, due to the high cost, you should avoid payday loans on weekends like:

  • To pay for expensive holidays.
  • Big-ticket items like cars or homes.
  • Repayments of existing debts.
  • Parties and trips for leisure.

What are the attractive features of weekend payday loans at FundingOwl?

  • Multiple loan options and lenders: FundingOwl allows you to compare 40+ direct payday loan lenders in one place. Within a few clicks, you get your best loan deal from an excellent lender in Canada.
  • Quicker processing time: Once you complete the paperless online application at FundingOwl, you'll get instant decisions in minutes. If approved, the money is directly deposited in your bank account by e-Transfer in just 2-5 minutes*.
  • 24/7 loans available: Unlike banks, you can apply for weekend cash advances 24/7, anytime and anywhere with us. Our online application is 24 hours and 7 days a week open, even on public holidays.
  • No unwanted surprises: When you apply with FundingOwl, you don't need to pay an application fee, no penalties, and no hidden fees. We're here to make borrowing easy and affordable to all Canadians.

What should you keep in mind before applying for a payday loan on this weekend?

  • Do you want to borrow? Weekend payday loans come with a high cost, so apply for such loans only when a financial emergency strikes or take a payday loan as your last resort.
  • Can you afford your loan repayments? Payday loans are offered at higher interest rates, which increases the overall loan cost. Before applying, make sure to calculate everything and see if you can afford the regular repayments on time or not without struggling more.
  • Are you eligible to apply? It is true that payday loans deposited on weekends are offered at lenient terms and are easy to get approval as compared to other loans. But still, you need to meet your lender's essential eligibility criteria. The eligibility requirements might differ from one lender to another.

Am I eligible for a weekend payday loan?

  • You're at least 18 years old.
  • You're a Canadian citizen or resident.
  • You have a regular income from employment or benefits.
  • You have a Canadian bank account accepting online money transfers and Interac e-Transfer®.
  • You have an active mobile number and email address.

How can I apply for a payday loan on weekend?

1 Fill out our form:
It takes your few minutes to complete our 100% online application form.

2 Get quick decision:
After filling and submitting out the form, you'll get an instant decision within seconds from one of our lender.

3 Fast cash payout:
Once your loan is approved, the loan amount will be deposited into your bank account within 2-5 minutes by e-transfer.